Evanson Asset Management LLC Has $988,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Evanson Asset Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 3.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,240 shares of the credit services provider’s stock after selling 69 shares during the period. Evanson Asset Management LLC’s holdings in Mastercard were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Mastercard in the fourth quarter valued at about $4,595,559,000. Swedbank AB acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $660,652,000. Vanguard Group Inc. grew its holdings in Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after purchasing an additional 742,076 shares during the period. Capital International Investors raised its holdings in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the period. Finally, Capital Research Global Investors boosted its position in shares of Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MA shares. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. TD Cowen raised their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley lowered their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Susquehanna boosted their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $507.55.

Insiders Place Their Bets

In related news, insider Hai Ling sold 2,892 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the completion of the sale, the insider now directly owns 21,420 shares in the company, valued at approximately $9,853,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 141,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $457.45, for a total value of $64,500,450.00. Following the completion of the sale, the insider now directly owns 95,505,308 shares in the company, valued at $43,688,903,144.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Hai Ling sold 2,892 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the sale, the insider now directly owns 21,420 shares in the company, valued at approximately $9,853,200. The disclosure for this sale can be found here. Insiders sold 2,035,067 shares of company stock worth $917,231,686 over the last three months. Insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded up $1.20 during trading on Friday, reaching $456.78. 1,760,295 shares of the company’s stock were exchanged, compared to its average volume of 2,510,757. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The stock has a market capitalization of $424.63 billion, a P/E ratio of 36.31, a PEG ratio of 1.82 and a beta of 1.09. The business has a 50 day moving average price of $446.98 and a 200-day moving average price of $457.38. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.09.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Tuesday, July 9th. Mastercard’s payout ratio is presently 20.99%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.